EIA: Permian Driving US Oil Production

Oct 12, 2017

In its latest Short-Term Energy Outlook, the Energy Information Administration forecasts that U.S crude oil production will average 9.4 million barrels per day (b/d) in the second half of 2017, 340,000 b/d more than in the first half of 2017.

EIA’s close monitoring of current rig activity in several producing regions shows continued production growth from tight-oil formations, such as shale in the Permian region, driving overall production increases.

The STEO projects that the most significant production growth in the
second half of 2017 will be in the Permian region. Permian production is
forecast to grow to 2.6 million b/d in the second half of 2017, a
260,000 b/d increase from the first half of 2017.

The Bakken region is expected to maintain production at slightly less
than 1.1 million b/d through 2017, increasing by 31,000 b/d between the
first and second half of the year.